question archive Transactions in debt and shareholder equity are typically handled by: A
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Transactions in debt and shareholder equity are typically handled by:
A. Payroll
B. Accounting Staff
C. Accounting Supervisors
D. Upper Management
The correct answer is option D. Upper Management.
It is the utmost responsibility of the upper management to take control of the transactions that relate to debt and shareholder's equity of the company. It is a sort of internal control in making sure that the ownership of the company (through equity) is protected and put in place.